Forex Trend Analysis Report
Prepared for you on Friday, November 24, 2017.
Indonesian Rupiah/Swiss Franc (FOREX:IDRCHF)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for IDRCHF
The long term trend has been UP since Sep 25th, 2017 at 0.00736
The intermediate term trend has been DOWN since Nov 23rd, 2017 at 0.00726
The short term trend has been DOWN since Nov 14th, 2017 at 0.00734
Smart Scan Analysis for IDRCHF
Based on a pre-defined weighted trend formula for chart analysis, IDRCHF scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).